An OK figure for the UK’s biggest sector: Markit’s services PMI stands at 58.7 points. According to the institution, the PMIs reflect a growth rate of 0.8% in Q3, which is in line with previous quarters. However, the composite PMI is at a 6 month low. The new business component stands at 60.1 points. It seems that markets were anticipating the small miss, as the pound lost ground towards the publication, but isn’t extending its falls. Update: GBP/USD now resumes its slide and hits 1.6080. The services purchasing managers’ indicator was expected to slide from 60.5 to 59.1 points now, still reflecting very solid growth. GBP/USD was on the back foot towards the publication, sliding below 1.61. This is the last and most important PMI: it is the UK’s biggest sector. Earlier, the manufacturing PMI fell short of expectations while construction beat them. After a period of stability following the Scottish referendum reverberations, the pound stabilized and managed to withstand the surge of the US dollar. However, in recent days the pound stayed behind and slid close to the 1.6050 fear level that was seen around the referendum. For more, see the GBPUSD forecast. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next EUR/CAD Struggling To Break Higher Guest 7 years An OK figure for the UK's biggest sector: Markit's services PMI stands at 58.7 points. According to the institution, the PMIs reflect a growth rate of 0.8% in Q3, which is in line with previous quarters. However, the composite PMI is at a 6 month low. The new business component stands at 60.1 points. It seems that markets were anticipating the small miss, as the pound lost ground towards the publication, but isn't extending its falls. Update: GBP/USD now resumes its slide and hits 1.6080. The services purchasing managers' indicator was expected to slide from 60.5 to 59.1 points now,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
